Feed Enzymes Market

Feed Enzymes Market by Type (Phytase, Carbohydrase, and Protease), Livestock (Poultry, Swine, Ruminants, and Aquatic Animals), Source (Microorganism, Plant, and Animal), Form (Dry and Liquid), and Region - Global Forecast to 2025

Report Code: AGI 3382 Jun, 2020, by marketsandmarkets.com

[266 Pages Report] The global feed enzymes market size is estimated to account for USD 1.3 billion in 2020 and is projected to reach USD 1.9 billion by 2025, recording a CAGR of 8.1% during the forecast period. The market is driven primarily by the growing concern regarding animal health and the demand for an increase in the nutrient uptake of feed.

Feed Enzymes Market

COVID-19 Impact on the Global Feed Enzymes Market

The feed enzymes market includes major Tier I and II suppliers like Cargill, Incorporated, BASF SE, DuPont, Bluestar Adisseo Co., Ltd., and Koninklijke DSM NV. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. COVID-19 has impacted their businesses as well. Though this pandemic situation has impacted their businesses as well, there is no significant impact on the global operations and supply chain of their feed enzymes. Multiple manufacturing facilities of players are still in operation.

  • In April 2020, BASF SE took the decision to stop its “smart Verbund project,” which was in the initial phase with a planned investment of USD 10 billion. They started the construction on a plant complex in Zhanjiang, China, in November 2019, which had stopped due to the outbreak.
  • On February 20, 2020, BEC Feed Solutions stated it had commenced work to redevelop its Carole Park location into a new state-of-the-art manufacturing facility. The new facility will feature a manufacturing plant equipped with integrated technology unique to the premix industry, a new warehouse, and adjoining contemporary two-story office building, which will significantly increase their production.

Market Dynamics

Driver: Provision of feed cost-efficiency

Feed production accounts for a major operational cost, which involves 50%–60% of the total cost in livestock production. Therefore, reducing feed costs per livestock remains a priority for every livestock rearer. The potential to improve the digestibility of feed depends largely on the nutritional value of the diet itself. It has been shown that feed can account for up to 90% of the variance in response to enzyme addition. By improving digestibility, the nutrient density of diets and production costs can be reduced. By considering the overall effect of enzymes on the indigestible dietary fraction, feed enzymes are used to maintain livestock performance, while reducing feed costs.

Restraint: Higher inclusion rates of enzymes to have adverse effects

Although feed enzymes significantly impact the growth of the livestock industry, there are physiological limits imposed by the conditions to enzyme responses in the digestive tract of livestock. Excessive levels of feed enzymes could affect the levels of endogenous enzymes in the gastrointestinal tract, with adverse effects on health. Variations in the level of this effect depend on many factors, such as age, type of diet, and enzyme inclusion rates in feed products. Feed enzymes may trigger several side effects, including vomiting, gas, diarrhea, and swelling of the legs and feet. In addition, some animals may experience allergic reactions to digestive enzymes. For instance, Bromelain, the enzyme from pineapple, has anti-platelet properties. If this enzyme is fed to livestock in excessive quantities along with feed, it could increase the risk of bleeding as acts as a blood thinner.

Opportunity: Innovation in phytase production processes

Through preliminary research, it is known that some fungi are able to grow in POME (palm oil mill effluent) and have the ability to produce phytase enzymes. The utilization of phytase enzymes containing feed products for monogastric and digastric livestock could increase the efficiency of nutrient uptake and livestock resistance to disease attacks. Palm oil mill effluent (POME) is one type of waste that has not been used widely in enzyme production. Some fungi that grow on POME indicate their capability of producing phytase. Most of the POME is disposed of and pollutes the environment. Besides, POME is one of the wastes that contain large concentrations of carbohydrates, proteins, nitrogen compounds, lipids, and minerals. Therefore, they also act as an excellent raw material for bioconversion by biotechnological techniques.

Challenge: High R&D investments

The feed industry needs high R&D investments and enzyme development and manufacturing capabilities to produce high-quality feed enzymes at globally competitive prices. They require enhanced infrastructural strength that comprises equipped labs for molecular techniques, such as metagenomics and genomics, which are used to discover new enzymes. This initially requires high investments, and the majority of the manufacturers have a limited number of R&D facilities. Therefore, this challenge can be overcome by collaborating with different R&D companies that have qualified and experienced teams. Some manufacturers also acquire companies to increase their R&D capabilities by adopting various technologies. For instance, Advanced Enzyme Technologies acquired Evoxx Technologies, to increase their R&D capabilities with the adoption of ‘Directed Evolution’ technology, which helps it create desired enzyme molecules. High investments in R&D activities is also projected to help manufacturers to launch new products frequently, thereby enabling them to produce new types of enzymes.

Feed Enzymes Market Ecosystem

Based on type, the carbohydrase segment is the fastest-growing market during the forecast period

Carbohydrase, are preferred by most animal feed manufacturers and livestock producers to be used as an enzyme. Thus, the segment is estimated to be the fastest-growing in the feed enzymes market during the forecast period.

The inclusion of carbohydrase in the feed offers many advantages to the livestock. Monogastric animals are typically able to digest around 90% of available starch, but carbohydrase helps them improve this percentage. Carbohydrase enzymes are also very effective in increasing the amount of energy made available from feed ingredients.

The microorganism segment, by source, is projected to dominate the market during the forecast period.

The microorganism segment dominated the market during the forecast period, owing to the higher use of these sources to extract feed enzymes. Microorganisms remain highly prominent and suitable hosts to produce stable and industrially important feed enzymes. Enzymes extracted from microorganisms are of great importance in the manufacturing of animal feed. Currently, molecular techniques, such as metagenomics and genomics, are used to discover microbial enzymes, which are used in the feed industry to improve feed quality.

Based on livestock, the swine segment is projected to be the second-largest market during the forecast period

After poultry, the swine segment dominates the market during the forecast period. Since swine livestock is unable to utilize all components of its diet fully, specific enzymes can be added to the feed to help break down complex carbohydrates, protein, and phytate, through carbohydrase, protease, and phytase. Carbohydrases are the most effective in the diet of starters. The main carbohydrate in the swine diet is glucose, provided by starch in corn. More than 95% of the starch in corn can be digested. However, not all carbohydrates in corn are starch. The more complex carbohydrates are called fibers and are not well-utilized by pigs. Enzymes enable the digestion of such unutilized fibers.

The recent COVID-19 pandemic is expected to impact the feed enzyme industry moderately. The entire supply chain is disrupted due to a limited supply of enzymes. Even though the demand for feed has been relatively stable, the supply has been significantly impacted by the COVID-19 pandemic. The movement restrictions and illnesses are resulting in labor shortages and reduced supply of raw materials. The disruption in supply routes has further led to delays in feed supply. However, the demand for feed enzymes in the livestock industry is likely to increase in the first and second quarters of the year 2020 as many farmers resorted to panic buying of feed additives in anticipation of potential shortages. Several concerns, such as international trade barriers, closure of restaurants, hotels, live animal markets, supply chain hindrances, consumption patterns of livestock-based products, have encouraged breeders to stock their feed supplies and feed enzymes. This has led to an increase in demand for feed enzymes during the first week of April 2020.

Feed Enzymes Market by Region

Asia Pacific is projected to witness the highest growth in the global market during the forecast period.

In terms of value, the Asia Pacific market is projected to grow at the highest CAGR during the forecast period. Factors such as the presence of a large livestock population (FAO 2016) & their growth rate, the increase in the number of feed mills (which further reflects the growth in feed production, particularly in countries, such as, India and Japan), are projected to drive market growth in the coming years.

Key Market Players

Many domestic and global players provide feed enzymes to improve animal health and performance. Major manufacturers have their presence in the European and Asian countries. The key companies in this market are Cargill, Incorporated (US), BASF SE (Germany), DuPont (US), Bluestar Adisseo Co., Ltd. (China), Koninklijke DSM NV (Netherlands) and Kemin Industries, Inc.  Various strategies, such as expansions, mergers & acquisitions, and new product launches, were adopted by the key companies to remain competitive in the market.

Scope of the report

Report Metric

Details

Market size estimation

2017–2025

Base year considered

2019

Forecast period considered

2020–2025

Units considered

Value (USD) & Volume (KT)

Segments covered

Type, Livestock, Source, Form, and Region

Regions covered

North America, Asia Pacific, Europe, South America, and RoW

Companies studied

The major market players include BASF SE (Germany), DuPont (US), Koninklijke DSM NV (Netherlands), Bluestar Addisseo (China) and Cargill (US) (Total 25 companies)

The study categorizes the global market based on type, livestock, source, form at the regional and global levels.

By Type

  • Phytase
  • Carbohydrase
  • Protease
  • Others (lipase, mannanase, and á-galactosidase)

By Livestock

  • Poultry
  • Swine
  • Ruminants
  • Aquatic animals
  • Others (equine and pets)

By Source

  • Microorganism
  • Plant
  • Animal

By Form

  • Dry
  • Liquid

By Region

  • Asia Pacific
  • Europe
  • North America
  • South America
  • Rest of the World

Recent Developments

  • In February 2020, BEC Feed Solutions set up a new manufacturing facility to redevelop and expand its Carole Park location. The new facility will feature a manufacturing plant equipped with integrated technology unique to the premix industry, a new warehouse, and adjoining contemporary two-storied office building.
  • In January 2020, Nutrex BE invested in a completely new base of operations in Olen that will house their new headquarters, innovation center and state‑of‑the‑art production facilities. The investment in Olen is needed to develop and produce new products and further expand production capacity.
  • In December 2019, Nutrex BE decided to merge with Agrimex, a supplier of high-quality additives, premixes, and raw materials to the animal feed industry in Europe, and would continue together with all their activities in the animal feed sector under the name Nutrex.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
1INTRODUCTION (Page No. - 33)
1.1Objectives of the Study
1.1.1Market intelligence
1.1.2Competitive intelligence
1.2Market Definition
1.3Study Scope
Figure 1Feed enzymes market segmentation
Figure 2Regional segmentation
1.4Periodization Considered
1.5Currency Considered
Table 1USD exchange rates, 2014 - 2018
1.6Units Considered
1.7Stakeholders
1.8Summary of Changes
2RESEARCH METHODOLOGY (Page No. - 39)
2.1Research Data
Figure 3Feed enzymes market: Research design
2.1.1Secondary data
2.1.2Primary data
2.1.2.1Breakdown of primary interviews
Figure 4Breakdown of primary interviews: By company type, designation, and region
2.2Market Size Estimation
Figure 5Market size estimation methodology: Bottom-up approach
Figure 6Market size estimation methodology: Top-down approach
2.3Data Triangulation
Figure 7Data triangulation methodology
2.4Research Assumptions
2.5Limitations
3EXECUTIVE SUMMARY (Page No. - 46)
Table 2Feed enzymes market snapshot (value), 2020 vs. 2025
Figure 8Feed enzymes market size, by type, 2020 vs. 2025 (USD Million)
Figure 9Feed enzymes market size, by livestock, 2020 vs. 2025 (USD Million)
Figure 10Feed enzymes market size, by source, 2020 vs. 2025 (USD Million)
Figure 11Feed enzymes market share (value), by region, 2020
4PREMIUM INSIGHTS (Page No. - 51)
4.1Opportunities in the Feed Enzymes Market
Figure 12Growing concerns regarding animal health and nutrient uptake to support the market growth
4.2Feed Enzymes Market, by Type and Region, 2020
Figure 13Asia Pacific was the major consumer of feed enzymes across the globe in 2020
4.3Asia Pacific: Feed Enzymes Market, by Livestock and Country, 2020
Figure 14China was the major consumer of feed enzymes in 2020, in terms of value
4.4Feed Enzymes Market, by Form, 2020
Figure 15Feed enzymes in the dry form are estimated to be widely consumed in 2020
4.5Feed Enzymes Market, by Key Country, 2020
Figure 16US was the dominant market for feed enzymes in 2020
5MARKET OVERVIEW (Page No. - 55)
5.1Introduction
5.2Macroindicators
5.2.1Increase in feed production
Figure 17Feed production trend, 2012 - 2017 (Million Metric Ton)
5.3Market Dynamics
Figure 18Feed enzymes market: Drivers, restraints, opportunities, and challenges
5.3.1Drivers
5.3.1.1Provision of feed cost-efficiency
5.3.1.1.1Poultry
5.3.1.1.2Ruminants
5.3.1.1.3Swine
5.3.1.1.4Aquatic animals
5.3.1.1.5Pets
5.3.1.2Increasing demand for animal-based products, such as meat products, dairy products, and eggs
Figure 19Global meat demand, 1980-2030 (KT)
Figure 20Global per capita meat consumption, 2016 - 2020 (Pound)
Figure 21Global milk production, 2015 - 2018 (Million Ton)
Figure 22Global consumption of animal-based products (1967 - 2030)
5.3.1.2.1Improved meat quality or egg production
5.3.1.2.2Improved animal health to increase the consumption of animal-based food products
5.3.1.3Rise in the global demand for naturally produced feed and feed additives
5.3.2Restraints
5.3.2.1Hydrolysis of cellulose remains difficult
5.3.2.2Higher inclusion rates of enzymes may have negative effects
5.3.3Opportunities
5.3.3.1Innovation in phytase production processes
5.3.4Challenges
5.3.4.1High R&D investments
5.3.4.2Thermostability of enzymes
Figure 23Effect of temperature on the rate of enzyme catalyzation
5.4COVID-19 Pandemic Impact
Figure 24Pre & post COVID scenario in the feed enzymes market
5.5Value Chain
Figure 25Feed enzymes: Value chain
5.6Regulatory Framework
5.6.1Regulation 1831/2003 on feed additives
6FEED ENZYMES MARKET, BY FUNCTION (Page No. - 69)
6.1Introduction
6.2Performance enhancement
6.3Feed efficiency
7FEED ENZYMES MARKET, BY TYPE (Page No. - 71)
7.1Introduction
Figure 26Feed enzymes market share, by type, 2020 vs. 2025
Table 3Feed enzymes market size, by type, 2016-2019 (USD Million)
Table 4Feed enzymes market size, by type, 2020-2025 (USD Million)
Table 5Feed enzymes market size, by type, 2016-2019 (KT)
Table 6Feed enzymes market size, by type, 2020-2025 (KT)
7.2Phytase
7.2.1Phytases help break down indigestible phytic acid and release digestible phosphorus
Table 7Phytase: Feed enzymes market size, by region, 2016-2019 (USD Million)
Table 8Phytase: Feed enzymes market size, by region, 2020-2025 (USD Million)
Table 9Phytase: Feed enzymes market size, by region, 2016-2019 (KT)
Table 10Phytase: Feed enzymes market size, by region, 2020-2025 (KT)
7.3Protease
7.3.1Protease reduces nitrogen emission during livestock production
Table 11Protease: Feed enzymes market size, by region, 2016-2019 (USD Million)
Table 12Protease: Feed enzymes market size, by region, 2020-2025 (USD Million)
Table 13Protease: Feed enzymes market size, by region, 2016-2019 (Ton)
Table 14Protease: Feed enzymes market size, by region, 2020-2025 (Ton)
7.4Carbohydrase
7.4.1Xylanase and amylase are the major types of carbohydrase used as feed enzymes
Table 15Carbohydrase: Feed enzymes market size, by region, 2016-2019 (USD Million)
Table 16Carbohydrase: Feed enzymes market size, by region, 2020-2025 (USD Million)
Table 17Carbohydrase: Feed enzymes market size, by region, 2016-2019 (KT)
Table 18Carbohydrase: Feed enzymes market size, by region, 2020-2025 (KT)
7.4.2Xylanase
7.4.3Amylase
7.4.4Cellulase
7.4.5Other carbohydrases
Table 19Carbohydrase: Feed enzymes market size, by type, 2016-2019 (USD Million)
Table 20Carbohydrase: Feed enzymes market size, by type, 2020-2025 (USD Million)
7.5Others
Table 21Others: Feed enzymes market size, by region, 2016-2019 (USD Thousand)
Table 22Others: Feed enzymes market size, by region, 2020-2025 (USD Thousand)
Table 23Others: Feed enzymes market size, by region, 2016-2019 (Ton)
Table 24Others: Feed enzymes market size, by region, 2020-2025 (Ton)
8FEED ENZYMES MARKET, BY SOURCE (Page No. - 83)
8.1Introduction
Figure 27Feed enzymes market share, by source, 2020 vs. 2025
Table 25Feed enzymes market size, by source, 2016-2019 (USD Million)
Table 26Feed enzymes market size, by source, 2020-2025 (USD Million)
8.2Microorganism
8.2.1Microorganisms are the most preferred source of feed enzymes due to high stability
Table 27Different enzymes produced by microorganisms
Table 28Microorganism: Feed enzymes market size, by region, 2016-2019 (USD Million)
Table 29Microorganism: Feed enzymes market size, by region, 2020-2025 (USD Million)
8.3Plant
8.3.1Plant-based feed enzymes increase phytate breakdown, thus aiding in the release of phosphorous in livestock
Table 30Plant: Feed enzymes market size, by region, 2016-2019 (USD Million)
Table 31Plant: Feed enzymes market size, by region, 2020-2025 (USD Million)
8.4Animal
8.4.1Animal-sourced feed enzymes are the least preferred because of their instability and high cost
Table 32Animal: Feed enzymes market size, by region, 2016-2019 (USD Thousand)
Table 33Animal: Feed enzymes market size, by region, 2020-2025 (USD Thousands)
9FEED ENZYMES MARKET, BY FORM (Page No. - 90)
9.1Introduction
Figure 28Feed enzymes market share, by form, 2020 vs. 2025
Table 34Feed enzymes market size, by form, 2016-2019 (USD Million)
Table 35Feed enzymes market size, by form, 2020-2025 (USD Million)
9.2Dry
9.2.1Ease of application and storage makes it a preferred form
Table 36Dry: Feed enzymes market size, by region, 2016-2019 (USD Million)
Table 37Dry: Feed enzymes market size, by region, 2020-2025 (USD Million)
9.3Liquid
9.3.1Requirement of a special apparatus for application makes the liquid form less economical than the dry form
Table 38Liquid: Feed enzymes market size, by region, 2016-2019 (USD Million)
Table 39Liquid: Feed enzymes market size, by region, 2020-2025 (USD Million)
10FEED ENZYMES MARKET, BY LIVESTOCK (Page No. - 95)
10.1Introduction
10.2Operational Drivers
10.2.1Growth in livestock sector
Figure 29Global livestock production trends, 2011-2017
10.2.2Growth in the compound feed industry
Figure 30Compound feed production trends in the eu (2011-2017)
Figure 31Feed enzymes market share, by livestock, 2020 vs. 2025
Table 40Feed enzymes market size, by livestock, 2016-2019 (USD Million)
Table 41Feed enzymes market size, by livestock, 2020-2025 (USD Million)
10.3Poultry
10.3.1Poultry segment projected to be the largest during the forecast period
Table 42Poultry: Feed enzymes market size, by region, 2016-2019 (USD Million)
Table 43Poultry: Feed enzymes market size, by region, 2020-2025 (USD Million)
10.3.2Broilers
10.3.3Turkeys
10.3.4Layers
10.3.5Others
Table 44Poultry: Feed enzymes market size, by type, 2016-2019 (USD Million)
Table 45Poultry: Feed enzymes market size, by type, 2020-2025 (USD Million)
10.4Swine
10.4.1Feed enzymes help in the breakdown of complex carbohydrates, which are not utilized by swine
Table 46Swine: Feed enzymes market size, by region, 2016-2019 (USD Million)
Table 47Swine: Feed enzymes market size, by region, 2020-2025 (USD Million)
10.4.2Starter
10.4.3Grower
10.4.4Sow
Table 48Swine: Feed enzymes market size, by type, 2016-2019 (USD Million)
Table 49Swine: Feed enzymes market size, by type, 2020-2025 (USD Million)
10.5Ruminants
10.5.1Feed enzymes are added to cattle diets to enhance milk production and improve feed efficiency
Table 50Ruminants: Feed enzymes market size, by region, 2016-2019 (USD Million)
Table 51Ruminants: Feed enzymes market size, by region, 2020-2025 (USD Million)
10.5.2Calves
10.5.3Dairy cattle
10.5.4Beef cattle
10.5.5Others
Table 52Ruminants: Feed enzymes market size, by type, 2016-2019 (USD Million)
Table 53Ruminants: Feed enzymes market size, by type, 2020-2025 (USD Million)
10.6Aquatic Animals
10.6.1The use of feed enzymes in fish feed has provided environmental benefits as well as enabled the use of lower-cost feedstuffs
Table 54Aquatic animals: Feed enzymes market size, by region, 2016-2019 (USD Thousand)
Table 55Aquatic animals: Feed enzymes market size, by region, 2020-2025 (USD Million)
10.7Others
Table 56Other livestock: Feed enzymes market size, by region, 2016-2019 (USD Thousand)
Table 57Other livestock: Feed enzymes market size, by region, 2020-2025 (USD Thousand)
10.8Impact of COVID-19 on Livestock Application
10.8.1Highly impacted livestock industries - Poultry and swine
10.8.2Least impacted livestock industries - Ruminants and others
11FEED ENZYMES MARKET, BY REGION (Page No. - 109)
11.1Introduction
Figure 32India held the largest share in feed enzymes market during the forecast period
Table 58Feed enzymes market size, by region, 2016-2019 (USD Million)
Table 59Feed enzymes market size, by region, 2020-2025 (USD Million)
11.2Regional Operational Drivers
11.2.1Increase in consumption of dairy products and meat globally
Figure 33Global meat production, 1961-2018
11.2.2Increase in livestock population
Figure 34Global livestock count, 2000-2014
11.3Impact of COVID-19 on Feed Enzymes Across Regions
11.4North America
Table 60North America: Feed enzymes market size, by country, 2016-2019 (USD Million)
Table 61North America: Feed enzymes market size, by country, 2020-2025 (USD Million)
Table 62North America: Feed enzymes market size, by type, 2016-2019 (USD Million)
Table 63North America: Feed enzymes market size, by type, 2020-2025 (USD Million)
Table 64North America: Feed enzymes market size, by type, 2016-2019 (Ton)
Table 65North America: Feed enzymes market size, by type, 2020-2025 (Ton)
Table 66North America: Feed enzymes market size, by livestock, 2016-2019 (USD Million)
Table 67North America: Feed enzymes market size, by livestock, 2020-2025 (USD Million)
Table 68North America: Feed enzymes market size, by source, 2016-2019 (USD Million)
Table 69North America: Feed enzymes market size, by source, 2020-2025 (USD Million)
Table 70North America: Feed enzymes market size, by form, 2016-2019 (USD Million)
Table 71North America: Feed enzymes market size, by form, 2020-2025 (USD Million)
11.4.1US
11.4.1.1With stringent government regulations for the production of feed, the us remains one of the major regions for feed enzymes
Table 72US: Feed enzymes market size, by type, 2016-2019 (USD Million)
Table 73US: Feed enzymes market size, by type, 2020-2025 (USD Million)
Table 74US: Feed enzymes market size, by type, 2016-2019 (Ton)
Table 75US: Feed enzymes market size, by type, 2020-2025 (TON)
11.4.2Canada
11.4.2.1The rise in demand for meat products and the introduction of lenient regulations pertaining to the use of growth promoters in the country are factors that are projected to drive the growth of the market
Table 76Canada: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 77Canada: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 78Canada: Feed enzymes market size, by type, 2016-2019 (ton)
Table 79Canada: Feed enzymes market size, by type, 2020-2025 (ton)
11.4.3Mexico
11.4.3.1Increasing support of government programs and the rise in livestock production to encourage the consumption of feed enzymes in the country
Table 80Mexico: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 81Mexico: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 82Mexico: Feed enzymes market size, by type, 2016-2019 (ton)
Table 83Mexico: Feed enzymes market size, by type, 2020-2025 (ton)
11.5Europe
Table 84Europe: Feed enzymes market size, by country, 2016-2019 (USD Million)
Table 85Europe: Feed enzymes market size, by country, 2020-2025 (USD Million)
Table 86Europe: Feed enzymes market size, by type, 2016-2019 (USD Million)
Table 87Europe: Feed enzymes market size, by type, 2020-2025 (USD Million)
Table 88Europe: Feed enzymes market size, by type, 2016-2019 (Ton)
Table 89Europe: Feed enzymes market size, by type, 2020-2025 (Ton)
Table 90Europe: Feed enzymes market size, by livestock, 2016-2019 (USD Million)
Table 91Europe: Feed enzymes market size, by livestock, 2020-2025 (USD Million)
Table 92Europe: Feed enzymes market size, by source, 2016-2019 (USD Thousand)
Table 93Europe: Feed enzymes market size, by source, 2020-2025 (USD Thousand)
Table 94Europe: Feed enzymes market size, by form, 2016-2019 (USD Million)
Table 95Europe: Feed enzymes market size, by form, 2020-2025 (USD Million)
11.5.1Russia
11.5.1.1The russian meat and pork industry has witnessed significant growth in recent years
Table 96Russia: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 97Russia: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 98Russia: Feed enzymes market size, by type, 2016-2019 (Ton)
Table 99Russia: Feed enzymes market size, by type, 2020-2025 (Ton)
11.5.2Spain
11.5.2.1Rise in the demand for meat and dairy products
Table 100Spain: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 101Spain: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 102Spain: Feed enzymes market size, by type, 2016-2019 (Ton)
Table 103Spain: Feed enzymes market size, by type, 2020-2025 (Ton)
11.5.3Germany
11.5.3.1Modernization of the livestock industry has resulted in the usage of scientific methods for the production of livestock
Table 104Germany: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 105Germany: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 106Germany: Feed enzymes market size, by type, 2016-2019 (ton)
Table 107Germany: Feed enzymes market size, by type, 2020-2025 (ton)
11.5.4France
11.5.4.1Domestic demand for meat products plays a vital role in the increasing demand for essential feed enzymes in livestock feed
Table 108France: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 109France: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 110France: Feed enzymes market size, by type, 2016-2019 (Ton)
Table 111France: Feed enzymes market size, by type, 2020-2025 (Ton)
11.5.5Italy
11.5.5.1The country accounted for the fifth-largest share for feed enzymes in the region
Table 112Italy: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 113Italy: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 114Italy: Feed enzymes market size, by type, 2016-2019 (Ton)
Table 115Italy: Feed enzymes market size, by type, 2020-2025 (Ton)
11.5.6UK
11.5.6.1Adoption of mega-farms and intensive factory farming for cattle, poultry, and swine to drive the market growth of feed enzymes
Table 116UK: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 117UK: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 118UK: Feed enzymes market size, by type, 2016-2019 (ton)
Table 119UK: Feed enzymes market size, by type, 2020-2025 (ton)
11.5.7Rest of Europe
11.5.7.1Rising awareness about the benefits of feed enzymes among livestock growers
Table 120Rest of Europe: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 121Rest of Europe: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 122Rest of Europe: Feed enzymes market size, by type, 2016-2019 (ton)
Table 123Rest of Europe: Feed enzymes market size, by type, 2020-2025 (ton)
11.6Asia Pacific
Figure 35Asia Pacific: Feed enzymes market snapshot
Table 124Asia Pacific: Feed enzymes market size, by country, 2016-2019 (USD Million)
Table 125Asia Pacific: Feed enzymes market size, by country, 2020-2025 (USD Million)
Table 126Asia Pacific: Feed enzymes market size, by type, 2016-2019 (USD Million)
Table 127Asia Pacific: Feed enzymes market size, by type, 2020-2025 (USD Million)
Table 128Asia Pacific: Feed enzymes market size, by type, 2016-2019 (ton)
Table 129Asia Pacific: Feed enzymes market size, by type, 2020-2025 (ton)
Table 130Asia Pacific: Feed enzymes market size, by livestock, 2016-2019 (USD Million)
Table 131Asia Pacific: Feed enzymes market size, by livestock, 2020-2025 (USD Million)
Table 132Asia Pacific: Feed enzymes market size, by source, 2016-2019 (USD Million)
Table 133Asia Pacific: Feed enzymes market size, by source, 2020-2025 (USD Million)
Table 134Asia Pacific: Feed enzymes market size, by form, 2016-2019 (USD Million)
Table 135Asia Pacific: Feed enzymes market size, by form, 2020-2025 (USD Million)
11.6.1China
11.6.1.1Established players in the market are focusing on developing feed enzyme products
Table 136China: Feed enzymes market size, by type, 2016-2019 (USD Million)
Table 137China: Feed enzymes market size, by type, 2020-2025 (USD Million)
Table 138China: Feed enzymes market size, by type, 2016-2019 (ton)
Table 139China: Feed enzymes market size, by type, 2020-2025 (ton)
11.6.2India
11.6.2.1Availability of raw materials and a major destination for foreign companies
Table 140India: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 141India: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 142India: Feed enzymes market size, by type, 2016-2019 (ton)
Table 143India: Feed enzymes market size, by type, 2020-2025 (ton)
11.6.3Japan
11.6.3.1Stabilization in feed prices to drive the adoption of feed enzymes
Table 144Japan: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 145Japan: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 146Japan: Feed enzymes market size, by type, 2016-2019 (ton)
Table 147Japan: Feed enzymes market size, by type, 2020-2025 (ton)
11.6.4Thailand
11.6.4.1Wider opportunities in the poultry industry
Table 148Thailand: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 149Thailand: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 150Thailand: Feed enzymes market size, by type, 2016-2019 (Ton)
Table 151Thailand: Feed enzymes market size, by type, 2020-2025 (Ton)
11.6.5Indonesia
11.6.5.1Increasing feed production to have a proportional impact on the consumption of feed enzymes
Table 152Indonesia: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 153Indonesia: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 154Indonesia: Feed enzymes market size, by type, 2016-2019 (Ton)
Table 155Indonesia: Feed enzymes market size, by type, 2020-2025 (Ton)
11.6.6Rest of Asia Pacific
11.6.6.1Rising awareness regarding the importance of feed enzymes for livestock nutrition for good quality meat and other animal-based by-products
Table 156Rest of Asia Pacific: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 157Rest of Asia Pacific: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 158Rest of Asia Pacific: Feed enzymes market size, by type, 2016-2019 (Ton)
Table 159Rest of Asia Pacific: Feed enzymes market size, by type, 2020-2025 (Ton)
11.7South America
Table 160South America: Feed enzymes market size, by country, 2016-2019 (USD Million)
Table 161South America: Feed enzymes market size, by country, 2020-2025 (USD Million)
Table 162South America: Feed enzymes market size, by type, 2016-2019 (USD Million)
Table 163South America: Feed enzymes market size, by type, 2020-2025 (USD Million)
Table 164South America: Feed enzymes market size, by type, 2016-2019 (ton)
Table 165South America: Feed enzymes market size, by type, 2020-2025 (ton)
Table 166South America: Feed enzymes market size, by livestock, 2016-2019 (USD Million)
Table 167South America: Feed enzymes market size, by livestock, 2020-2025 (USD Million)
Table 168South America: Feed enzymes market size, by source, 2016-2019 (USD Thousand)
Table 169South America: Feed enzymes market size, by source, 2020-2025 (USD Thousand)
Table 170South America: Feed enzymes market size, by form, 2016-2019 (USD Million)
Table 171South America: Feed enzymes market size, by form, 2020-2025 (USD Million)
11.7.1Brazil
11.7.1.1High animal product exports to drive growth
Table 172Brazil: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 173Brazil: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 174Brazil: Feed enzymes market size, by type, 2016-2019 (Ton)
Table 175Brazil: Feed enzymes market size, by type, 2020-2025 (Ton)
11.7.2Argentina
11.7.2.1The rise in the adoption of advanced technologies has led to the usage of additives, such as enzymes
Table 176Argentina: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 177Argentina: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 178Argentina: Feed enzymes market size, by type, 2016-2019 (Ton)
Table 179Argentina: Feed enzymes market size, by type, 2020-2025 (Ton)
11.7.3Rest of South America
Table 180Rest of South America: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 181Rest of South America: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 182Rest of South America: Feed enzymes market size, by type, 2016-2019 (Ton)
Table 183Rest of South America: Feed enzymes market size, by type, 2020-2025 (Ton)
11.8Rest of the World (RoW)
Table 184RoW: Feed enzymes market size, by region, 2016-2019 (USD Million)
Table 185RoW: Feed enzymes market size, by region, 2020-2025 (USD Million)
Table 186RoW: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 187RoW: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 188RoW: Feed enzymes market size, by type, 2016-2019 (Ton)
Table 189RoW: Feed enzymes market size, by type, 2020-2025 (Ton)
Table 190RoW: Feed enzymes market size, by livestock, 2016-2019 (USD Thousand)
Table 191RoW: Feed enzymes market size, by livestock, 2020-2025 (USD Thousand)
Table 192RoW: Feed enzymes market size, by source, 2016-2019 (USD Thousand)
Table 193RoW: Feed enzymes market size, by source, 2020-2025 (USD Thousand)
Table 194RoW: Feed enzymes market size, by form, 2016-2019 (USD Million)
Table 195RoW: Feed enzymes market size, by form, 2020-2025 (USD Million)
11.8.1Africa
11.8.1.1Increase in the presence of substantial livestock population in the region to drive the demand for feed enzymes
Table 196Africa: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 197Africa: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 198Africa: Feed enzymes market size, by type, 2016-2019 (Ton)
Table 199Africa: Feed enzymes market size, by type, 2020-2025 (Ton)
11.8.2Middle East
11.8.2.1The rising meat consumption and improved performance in feed are factors driving the market
Table 200Middle East: Feed enzymes market size, by type, 2016-2019 (USD Thousand)
Table 201Middle East: Feed enzymes market size, by type, 2020-2025 (USD Thousand)
Table 202Middle East: Feed enzymes market size, by type, 2016-2019 (Ton)
Table 203Middle East: Feed enzymes market size, by type, 2020-2025 (Ton)
12COMPETITIVE LANDSCAPE (Page No. - 179)
12.1Overview
12.2Company Ranking
Figure 36Feed enzymes: Company rankings, 2020
12.3Competitive Leadership Mapping
12.3.1Visionary leaders
12.3.2Innovators
12.3.3Dynamic differentiators
12.3.4Emerging companies
Figure 37Feed enzymes market: Competitive leadership mapping, 2020
Figure 38Key developments of the leading players in the feed enzymes market, 2017-2020
12.4Competitive Leadership Mapping (For SMES/Start-Ups)
12.4.1Progressive companies
12.4.2Starting blocks
12.4.3Responsive companies
12.4.4Dynamic companies
Figure 39Feed enzymes market: Competitive leadership mapping for smes/start-ups, 2020
12.5Competitive Scenario
12.5.1New product launches
Table 204New product launches
12.5.2Expansions and investments
Table 205Expansions and investments
12.5.3Mergers & acquisitions
Table 206Mergers & acquisitions
13COMPANY PROFILES (Page No. - 189)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Right to Win)*
13.1BASF SE
Figure 40BASF SE: Company snapshot
13.2DUPONT
Figure 41DUPONT: Company snapshot
13.3KONINKLIJKE DSM N.V
Figure 42KONINKLIJKE DSM N.V: Company snapshot
13.4BLUESTAR ADISSEO
Figure 43BLUESTAR ADISSEO: Company snapshot
13.5CARGILL
Figure 44CARGILL INCORPORATED: Company snapshot
13.6ASSOCIATED BRITISH FOODS PLC
Figure 45ASSOCIATED BRITISH FOODS PLC: Company snapshot
13.7NOVOZYMES
Figure 46NOVOZYMES: Company snapshot
13.8ADVANCED ENZYME TECHNOLOGIES
Figure 47ADVANCED ENZYME TECHNOLOGIES: Company snapshot
13.9KEMIN INDUSTRIES, INC.
13.10NOVUS INTERNATIONAL INC.
13.11AZELIS HOLDINGS SA
13.12ALLTECH
13.13BIO CAT
13.14ROSSARI BIOTECH LTD.
13.15BIOVET JSC
13.16BEC FEED SOLUTIONS
13.17BIORESOURCE INTERNATIONAL INC.
13.18AMORVET
13.19NUTREX BE
13.20SUNSON INDUSTRY GROUP CO. LTD.
13.21ADM
Figure 48ADM: Company snapshot
13.22AUM ENZYMES
13.23CAPRIENZYMES
13.24BIOPROTON PTY LTD.
13.25KARYOTICA BIOLOGICALS PVT. LTD.
*details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Right to Win might not be captured in case of unlisted companies.
14ADJACENT & RELATED MARKETS (Page No. - 243)
14.1Introduction
14.2Limitations
14.3Feed Yeast Market
14.3.1Market definition
14.3.2Market overview
Figure 49Feed yeast market is projected to record high growth during the forecast period
14.3.3Feed yeast market, by type
14.3.3.1Introduction
Table 207Feed yeast market size, by type, 2016-2023 (USD Million)
Table 208Feed yeast market size, by type, 2016-2023 (KT)
14.3.4Feed yeast market, by region
14.3.4.1North America
Table 209North America: Feed yeast market size, by type, 2016-2023 (USD Million)
Table 210North America: Feed yeast market size, by type, 2016-2023 (KT)
14.3.4.2Europe
Table 211Europe: Feed yeast market size, by type, 2016-2023 (USD Million)
Table 212Europe: Feed yeast market size, by type, 2016-2023 (KT)
14.3.4.3Asia Pacific
Table 213Asia Pacific: Feed yeast market size, by type, 2016-2023 (USD Million)
Table 214Asia Pacific: Feed yeast market size, by type, 2016-2023 (KT)
14.3.4.4South America
Table 215South America: Feed yeast market size, by type, 2016-2023 (USD Million)
Table 216South America: Feed yeast market size, by type, 2016-2023 (KT)
14.3.4.5Rest of the World (RoW)
Table 217RoW: Feed yeast market size, by type, 2016-2023 (USD Million)
Table 218RoW: Feed yeast market size, by type, 2016-2023 (KT)
14.4Probiotics Market
14.4.1Market definition
14.4.2Market overview
Figure 50Probiotics market is estimated to have a high growth during the forecast period
14.4.3Probiotics market, by ingredient
Table 219Probiotics market size, by ingredient, 2016-2023 (USD Billion)
14.4.4Probiotics market, by region
Table 220Probiotics market size, by region, 2016-2023 (USD Billion)
14.4.4.1North America
Table 221North America: Probiotics market size, by ingredient, 2016-2023 (USD Billion)
14.4.4.2Europe
Table 222Europe: Probiotics market size, by ingredient, 2016-2023 (USD Billion)
14.4.4.3Asia Pacific
Table 223Asia Pacific: Probiotics market size, by ingredient, 2016-2023 (USD Billion)
14.4.4.4Rest of the World (RoW)
Table 224RoW: Probiotics market size, by ingredient, 2016-2023 (USD Billion)
15APPENDIX (Page No. - 259)
15.1Discussion Guide
15.2Knowledge Store: MarketsandMarkets' Subscription Portal
15.3Available Customizations
15.4Related Reports
15.5Author Details

The study involved four major activities in estimating the feed enzymes market size. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources were referred to, to identify and collect information for this study. The secondary sources included annual reports, press releases, and investor presentations of companies, white papers, certified publications, articles from recognized authors, gold & silver standard websites, regulatory bodies, trade directories, and databases.

Secondary research was mainly used to obtain key information about the industry’s supply chain, the market’s monetary chain, the total pool of key players, market classification, and segmentation, according to industry trends to the bottom-most level and geographical markets. It was also used to obtain information on the key developments from a market-oriented perspective.

Primary Research

The market comprises several stakeholders, which include feed manufacturers, additive manufacturers & suppliers, animal nutritionists, feed enzyme manufacturers, raw material producers, and poultry farmers in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include research institutions, enzyme distributors and suppliers, government agencies, animal nutrition associations, and cooperative farm societies. The primary sources from the supply side include feed enzyme manufacturers, feed additive manufacturers, microbial extraction service providers, and key opinion leaders.

Feed Enzymes Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the global market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as CEOs, directors, and marketing executives.

Global Feed Enzymes Market Size: Bottom-Up Approach

Feed Enzymes Market Bottom-Up Approach

Data Triangulation

After arriving at the overall market size – using the market size estimation process, as explained above, the total market was split into several segments and sub-segments. To complete the overall market engineering process and to arrive at the exact statistics for each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To describe and forecast the feed enzymes market, in terms of type, livestock, source, form, and region
  • To describe and forecast the feed enzymes market, in terms of value and volume, by region–Asia Pacific, Europe, North America, South America, and the Rest of the World—along with their respective countries
  • To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of feed enzymes
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the market
  • To strategically profile the key players and comprehensively analyze their market positions, in terms of ranking and core competencies, along with detailing the competitive landscape for market leaders
  • To analyze strategic approaches, such as acquisitions, expansions, product launches, and agreements & partnerships, in the market
  • This research report categorizes the market based on type, livestock, source, form, and region.

Target Audience

  • Feed additive manufacturers and traders
  • Feed product distributors
  • Enzyme manufacturers and distributors
  • Feed manufacturers
  • Regulatory side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies
  • Associations and industry bodies: Food and Agriculture Organization (FAO), International Feed Industry Federation (IFIF), International Fishmeal and Fish Oil Organization (IFFO), Association of Poultry Processors, and EU Association of Specialty Feed Ingredients and their Mixtures (FEFANA)

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports according to client-specific requirements. The available customization options are as follows:

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further country-wise breakdown of the market into Asia Pacific, Europe, and South America based on site of operation

Company Information

  • Detailed analysis and profiling of additional market players (Up to five)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Feed Enzymes Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Feed Enzymes Market

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Published ON
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